There are two ways to invest on Otis:

(1) Investing into a new drop (IPO)

(2) Buying shares from other users.

Drops (IPO)

  • Drops are the IPO’s of our assets. They are the first (i.e. initial, public) offerings of shares in an asset, before those shares go to trading.

  • Drops give everyone the opportunity to purchase shares at the same price, typically $10 per share.

  • Drop Value refers to the total amount open for investment in an asset, and is a reflection of the asset’s current valuation.

    • It also determines the amount of shares available for an asset (for example, if an asset’s drop value was $10,000, at $10 per share, there would be 1,000 total shares available).

  • Drops are open for up to three months (sometimes longer) before they get filled.

Trading

  • After drops sell out, they open for trading, which allows anyone to buy and sell shares from each other.

  • This typically happens after a 3-month lock-up (sometimes sooner).

    • Behind the scenes, we have to operationally close the Drop (IPO), clear all investors, and file some new paperwork.

    • We also want to align incentives with our investors for the long-term.

  • Otis shareholders can offer their shares for sale at an ask price and other Otis investors can offer to purchase shares at their bid price (maximum price you are willing to pay).

  • The order book gives the full list of price and quantity of all submitted orders.

  • Keep in mind that our trading platform is new with limited liquidity.

For more details on trading and how the market works, see our full Trading FAQ.

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